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Bookkeeping has evolved over the years.  It used to be a tedious task requiring manual postings in various ledgers and journals.  Then came one-write systems that used carbon paper…read more

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In order to speed up the audit process and be more efficient, the Internal Revenue Service has been increasing the use of correspondence audits.  After two notices of the…read more

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Exempt organizations are required to file with the IRS annually regardless of the amount of gross receipts they receive.  Those whose gross receipts are normally under $50,000 file Form…read more

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The standard mileage allowance for business transportation expenses has decreased to 54 cents per mile.  This is the amount that can be deducted for each business mile traveled.  This…read more

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